Friday, 29 September 2017

We are very proud of your achievements. The best part of your career just began.

For those of you still undecided about the exam, there is danger in delay. You need to give your study the last push and take the exams as soon as possible. The more you delay, the more you forget some concepts discussed in the PMP class.

Hello Folks: : wanted to congratulate Kavita on achieving the great feat. Kavita Mehta, PMP is a great signature. PMP does require hard work and consistent preparation and attaining this designation confirms it. Congratulations once again .

This is also a milestone for EDUCATION EDGE AS WE CELEBRATE YOUR SUCCESS. You are the one who marks 50th PMP THIS YEAR.

Monday, 18 September 2017

Success is infectious- PICTURE of our AUG CBAP (BUSINESS ANALYSIS) Course. Education Edge doing it right and creating expertise. The reason we have in such a short time grown to become a force to be reckon with speaks about the trust and relationship we have formed. With over 100 consultants, we continue to deliver value to our clients.

Tuesday, 12 September 2017

Congratulations Ameena on passing PMP Exam that too with Above Target Score. Very well done and well deserved. Education Edge Team is proud of your achievement. We wish you all the best in your future endeavors.

Monday, 11 September 2017

I wanted to take this opportunity to congratulate Pretti on attaining PMP. A great achievement!! Attaining PMP designation comes with hard work, dedicated effort and most importantly remaining productive. Pretti has demonstrated great intent in the past 3 months to use her time, intellect, skills and knowledge to maximize positive outcome. Congratulations Pretti, PMP. Welcome to Education Edge PMP Club.

Education Edge maintaining an almost 100% pass record in the past 4 years.

• Procurement Statement of Work(SOW) –performance(describe what can be accomplished),functional(convey the end purpose or result),design(convey precisely what are to be done), can be developed by the seller or buyer – detail enough to allow the potential sellers to decide whether they want/are qualified (at a minimum) to pursue the work

• Contract Types:

o Firm Fixed Price(FFP) – the price is fixed, specifications are well known,riskon the seller

• PM may not be the lead negotiator on procurement, but may be present to assist

• mayneedsenior management approval before awarding the contracts

• bidder’s conference is a Q&A session with bidders, all bidders receive the same information (bidder are careful not to expose their technical approach during the session => may not have many questions)

• NOT to have secret meetings or communications with individual vendors

• Risk attitudes (EEF): risk appetite (willingness to take risks for rewards), tolerance for risk (risk tolerant or risk averse), risk threshold (level beyond which the org refuses to tolerate risks and may change its response)

• pure (insurable) risk vs business risk (can be +ve or -ve)

• Known risks that cannot be dealt with proactively (active acceptance) should be assigned a contingency reserve or if the known risks cannot be analyzed, just wait for its happening and implement workaround (passive acceptance)

• Monte Carlo Analysis – by running simulations many times over in order to calculate those same probabilities heuristically just like actually playing and recording your results in a real casino situation, ‘S’ curve (cumulative distribution) will result, may use PERT/triangular distribution to model data, may use thousands of data points (a random variable), for budget/schedule analysis

• Residual Risks – risks remains after the risk response strategy was implemented, may be identified in the planning process (may subject to contingency/fallback planning) They don’t need any further analysis because you have already planned the most complete response strategy you know in dealing with the risk that came before them.